UniSuper and members' superannuation

Posted December 20, 2011 by Alex Scott

You are probably aware of recent media coverage regarding the status of defined benefits accounts in UniSuper funds.

Reports concern a decision by the fund to monitor the investment returns on the adequacy of the "Defined Benefit" fund over the long term to meet members' benefits.  The defined benefit fund covers about 80, 000 of the 400,000 of UniSuper members. 

The important point that while certain concerns have been raised you should not presume that there is any imminent risk to current or future super payouts.

Union representatives are continuing to follow the situation as it affects UniSuper closely.

Your union cannot offer financial advice. You should consult with a credited financial advisor if you have any queries over the status of your superannuation.

 


Authorised Alex Scott, Secretary, Together.
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